Hey friend, do you want to know how to close or delete the Upstox Demat account?
And want to know the Upstox account closure process online.
Don’t worry; in this article, I will guide you step by step process of closing a Upstox Demat and trading account.
How To Close a Upstox Account Online?
It is effortless to open an account with Upstox online. It takes only a few minutes to open an account with Upstox.
But if you will talk about the closing of a Upstox account online, it is not possible.
Even you cannot close your account by calling or chat to customer care of upstox.
To close Upstox demat account and trading account, you will need to follow the steps required for closing a Upstox account offline.
How To Close Upstox Account Offline?
To close a Upstox demat and trading account , you will need to submit an account closure request form to complete your Demat and trading account closure request.
Before giving a written request for closing a Demat account with Upstox, you need to check the following points.
Procedure for closing Upstox account
- Close all open future and options positions
- There should be no holding in your Demat account. If you have any, then you sell and encash them.
- If you want to transfer them to another Demat account, get it transferred using the delivery instruction slip.
- It would be best if you did not have your balance is negative, i.e., you must clear all dues pending to you.
- There should be no funds in your trading account. If you have funds in your trading account, you must transfer them into your bank account.
Once you follow all the above points, you can proceed with closing the Upstox account; otherwise, your application may get rejected.
steps required For upstox account closure
Step 1: Visit the Upstox website
Step 2: In the menu, go to support and click on download forms. Or visit this link form.
Step 3: Now scroll down to account modification forms. And click on Demat Account Closure to download pdf account closure form of upstox.
Step 4: Download the upstox demat account closure form in pdf. Same as given below.
Step 5: Take a printout of the Upstox account closure form and fill it correctly with your sign wherever required.
Step 6: Send it to the correspondence address, which is mention at the top of the form. Or you can send your Upstox closure form to this address
Upstox Account Closure Form Sending Address
RKSV Securities India Private Limited,
Salasar Business Park, Off 150 Feet Flyover Road,
Bhayander West, Thane, Maharashtra 401101
Upstox Account Closing Charges
There is no charge for Upstox account closure.
But be sure before closing your Upstox account there should be no negative balance, open position, and securities in your Upstox demat account. Otherwise, your application will get rejected.
How to close Upstox Trading Account
Once you submit the closer request form for the Demat account, your trading account will also get closed.